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Dear Clients & Friends, Thank you for watching Cumberland Advisors’ Friday, October 20, 2023 Week in Review, an end-of-week update on market conditions, equities & bonds with Matt C. McAleer, President & Director of Private Wealth, and Shaun Burgess, Portfolio Manager and Fixed Income Analyst. Matt McAleer & Equities The sickle was swinging at both equities & fixed income this week Hiding spots included precious metals, energy, consumer staples & cash Decreased Taiwan exposure in our International Equity ETF model Watching for levels where demand returns and what trades "dry" Shaun Burgess & Fixed Income Treasuries under more pressure with focus shifting back to Fed policy Munis slightly outperformed the Treasury market Barbelled portfolios can benefit from higher yields on the short & long end Still hunting for longer duration high quality Munis Please send any feedback from today’s email/video to Matt McAleer. You can reach him at: Email: Matthew.McAleer@Cumber.com Twitter: / matthewcmcaleer LinkedIn: / matthew-c-mcaleer Call Matt: (800) 257-7013 ext. 346 Other questions or comments? Email us at info@cumber.com or give us a call at (800) 257-7013 Have a great weekend, -Matt, Shaun & Cumberland Advisors